Lender Looks at July MXP Bond

Mexico’s Banco Interacciones is heard planning to price a new domestic bond in July. The 2015 of up MXP1.5bn ($113m) will pay a spread to the TIIE benchmark. The notes are rated A on a national scale, and will represent the third issuance under a senior debt program of up to MXP10bn. Proceeds are for maintaining liquidity and general corporate purposes. Interacciones is managing the sale itself. The bank specializes in sub-national and public infrastructure financing in Mexico.